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Date Posted: 15:26:04 07/30/05 Sat
Author: siempre
Subject: Roxmark is Canada's newest moly miner

Roxmark Mines

Roxmark is "burning up the Moly forest" with their mining operations...

Roxy will be wildly profitable!

at current molybdenum price of $30 per pound, the co. will generate cash flow of $453.60 per [2000 lb.] ton return from smelter net.... at 200 tons per day & say operating 20 days per month we come up with a very minimal number....$1,814,400 US per month...you can see the profitability in moly mining...
if you roll those numbers up a little to a more likely scenario, like 2% moly, which they have been running at mill head testing, instead of 1.4% used above, & voila!...$2,592,000 US per month cash flow....& if you run those figures for the mill at 500 tons per day, which is the eventual goal, you can begin to see revolving dollar signs
as the KA-CHING! of the cash register rings in your ears...

"Roxy", RMKL/CNQ has two things going for it that 99% of the other moly plays does not. One it has pure moly ore. No other elements. Just moly and quartz. Second it has a permitted mill. Third it has the cash to mine it. Fourth it has the know-how to mine and mill. Fifth it has somewhere to take its concentrate. Pick any two. You won't find them in most other moly plays.

New drilling has extended the known depth of molybdenum mineralization to about 1028 feet and extended the strike of the moly veins by about 852 feet. This may indicate with infill drilling, a substantial tonnage increase of mineable high-grade molybdenum ore. Roxmark is in possession of one of the most profitable small Molybdenum orebodies in North America, if not in the world. Mining should be in full swing in the fall, with some bulk samples coming out this summer.

Quote from Monthly Progress Report

Roxmark is a Canadian-based junior integrated gold mining company involved in exploration and development of gold and molybdenum properties in the Geraldton-Beardmore area of Northern Ontario. These properties include extensions to six formerly highly productive mines which generated nearly two million ounces of gold from high grade ore and an important new molybdenum project.

As part of the Company’s 2005 strategic plan, approximately 7,000 tons of gold and molybdenum ore will be bulk sampled and processed at the Company’s on-site mill complex. This is expected to generate sufficient cash flow to fund further disciplined drilling and development strategies.

Roxmark’s common shares are listed for trading on the Canadian Trading and Quotation System Inc. under the symbol RMKL.

http://www.cnq.ca/


The diamond drilling program on the Nortoba-Tyson molybdenum property commenced on June 10, 2005 with 1,865 meters of NQ diameter core completed by July 6, 2005 in 24 holes. Core logging and sampling are nearing completion and a report on the project will be generated once all results are in and have been evaluated. Mr Peter Bevan, P.Eng. and qualified person has been supervising the project. The assaying of the molybdenum is being performed at SGS Lakefield Research Limited.

AND GOLD
The East Leitch surface bulk sampling has started. Two preparatory blasts have been taken to access the ore which will be mined and delivered to the mill site for processing shortly. While working on the access to the East Leitch ore, a new gold bearing vein was discovered. This necessitated an evaluation period and has precipitated the decision to incorporate certain tonnage of the adjoining new vein into the proposed bulk sample.

The gold mill circuit has been readied for processing and the molybdenum circuit is nearing completion.

Preliminary results on the SGS Lakefield Research metallurgical test work are encouraging and indicate that a clean high grade concentrate is achievable.

New Drilling

Further testing is underway with a report and recommendations to follow. The diamond drilling program on the Nortoba-Tyson molybdenum has extended the known strike length of 457 meters by an additional 260 meters to the east where it remains open to further extension in subsequent drilling campaigns.

Previous drilling has intersected the moly-bearing structure to a maximum depth of 385 feet or 117 vertical meters. Roxmark’s steeply dipping 80 degree hole Nor #18, was designed to find the upper limit of the diabase sill. The hole went through the main vein at 32.25 meters ( 106 feet ) and intersected parallel zones to the north, with molybdenum observed to depths in excess of 313.3 meters ( 1,028 feet ) before piercing the diabase sill at 323.6 meters vertically ( 1,061feet ) .

In order to complete the additional drilling on the Nortoba-Tyson moly zones, the 4 short holes under the Tyson gold open cut have been deferred for now.

The drilling of 1,865 meters of NQ core was accomplished in the reporting period.

During the month, Mr. Carlo Catterello was appointed as Mill Superintendent.

The bulk sample programs, modification and commissioning of the mill are being carried out either by contractors or by employees hired for these programs.

http://www.roxmark.com/

I will stay with Roxmark Mines, hi-grade gold & molybdenum, with permits,
mill and flotation, tailings pond, cash, 100% of project,
mining eng on board, 12M$ [500 ton per day] mill, no waiting for gov approvals.

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